Annual Report 2008-2009 - Emirates.com

Value added
Value added is a measure of wealth created. This statement shows the value added by the Group over the past five years and its
distribution by way of payments to employees, governments and to providers of capital. It also indicates the portion of wealth retained in
the business.
Group operating revenue 44,655,617
Less : Purchase of goods and services 34,562,414
10,093,203
Add : Other operating income 1,042,329
Interest income
Share of results in associated
473,117
companies and joint ventures 87,753
Total value added by the Group 11,696,402
Distribution of value added:
059
2008-09 2007-08 2006-07 2005-06 2004-05
AED'000 AED'000 AED'000 AED'000 AED'000
38,776,136
27,126,621
11,649,515
2,401,090
665,805
73,342
14,789,752
To employees - salaries and other
employee costs
To overseas governments -
7,207,864 6,702,158
Corporation and other taxes
To suppliers of capital -
(75,905) 36,974
Dividends 2,061,435 1,035,056
Interest
Retained for re-investment and future growth -
551,680 747,706
Depreciation and amortisation 2,459,947 1,923,030
Retained profits (508,619) 4,344,828
Total distribution of value added 11,696,402
14,789,752
29,827,768
20,221,627
9,606,141
559,919
660,227
83,644
10,909,931
5,017,307
163,361
431,035
691,682
1,513,954
3,092,592
10,909,931
23,418,465
15,666,133
7,752,332
382,261
378,942
59,555
8,573,090
4,049,662
89,418
454,479
405,998
1,142,298
2,431,235
8,573,090
18,496,306
11,608,858
6,887,448
324,509
191,270
54,469
7,457,696
3,400,725
58,685
406,670
283,670
951,493
2,356,453
7,457,696
2007-08 figures have been re-classified to conform with the current year's presentation. Figures for financial years’ prior to 2005-06
have not been amended.
In 2008-09, the total ‘value added’ of the Group was AED 11,696 million (2007-08: AED 14,790 million). The decline was on account of
the cost of purchase of goods and services increasing by AED 7,436 million compared with a growth in operating revenue of AED 5,879
million and lower other operating income of AED 1,359 million.
Employees received AED 7,208 million (61.6% of the total value added) in the form of salaries and other related costs whilst net
distributions on account of taxation, interest and dividends were AED 2,537 million (21.7%).
The amount retained in the business for future growth was AED 1,951 million (16.7%).